MergerPlace

Profitable Courier Service in West MI

Grand Rapids, Michigan (Kent)


  • Asking Price: $485,000
  • Gross Income: $665,000
  • Cash Flow: $155,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $185,000
  • Listing ID: #225518
  • Established: 1978
  • Employees: 19

Business Description

*Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don't wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.

Established for 40+ years, the Company is a profitable Grand Rapids-based courier/delivery service. The Company prides itself on its team of professional and skilled staff that deliver excellent service.

The Company was able to remain open during the COVID-19 pandemic and bounced back quickly after a brief slowdown. Business has increased with research facilities and laboratories in the area.

The service offering includes daily scheduled pickup, same day delivery, and ASAP service for urgent deliveries. The Company has established strong ties to law firms, banks, ad agencies, hospitals, accounting firms, national and international expediting companies, and numerous other businesses.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. To learn more, please submit your contact information in the provided form and we’ll email you a link to our online NDA.

IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version.


Business Details

Primary Business Category: Couriers, Warehousing & Storage
Location: Michigan
Metropolitan Area: Grand Rapids
County: Kent

Company Information

Year Established: 1978
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 19

Financial Information

Asking Price: $485,000
Gross Revenue: $665,000
Cash Flow: $155,000
FF&E: $185,000
Seller Financing Available: Yes

Property Information

Facilities:

1,270 square foot office space

Growth & expansion opportunities:

(1) Increased Demand: The Company has experience increase demand for medical delivery, lab pickups, equipment delivery, and in-home services. This is likely to continue to increase as the COVID vaccine is distributed, and even after, as business practices have evolved to increase safety measures and low-contact delivery. (2) White Glove Delivery: An industry term, “white glove” delivery is a term used for a delivery service business’ top-tier delivery option. While it would involve additional staff training, adding white glove delivery to the Company’s service offerings may make for high profit margins. (3) West and Southwest Michigan Communities: The Company has excellent relationships in the territory it serves, but could increase its business relationships in order to increase recurring revenue. The service area has many hospitals, universities, and religious organizations that might benefit from routine courier services contracts. (4) Upgraded Technology: The Company has not fully taken advantage of new technology in the delivery industry. Implementing upgrades such as receiving, tracking, and POD abilities would help the Company stay abreast with the competition and improve the Company’s efficiency.

Competition:

Investment Highlights Include: (1) Well Established: With over 40 years of serving the West and Southwest Michigan business communities, the Company had earned itself a reputation as one of the area’s leading courier service businesses. (2) Well-Trained Staff: The Company’s staff understand that their performance reflects not only on their own business, but on the business of their clients. The Company’s couriers are uniformed, friendly, well-trained, and insured for clients’ safety. (3) Resilient Through COVID-19: Despite a slowdown at the beginning, the Company remained fully operational throughout the pandemic, and demand for services increased. The Company is virtually debt-free with excellent cash flow! (4) Full Vehicle Fleet: The Company is equipped with a full fleet of vehicles, all of which are insured and maintained.

Reason for selling:

Retirement.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC